Office of Foreign Assets Control (OFAC), a US Department of the Treasury, recently targeted a Russian firm, Aeza Group, along with three associated entities, for its involvement in ransomware, infostealers, and dark markets related to crypto. OFAC sanctioned the four entities for their bulletproof hosting (BPH) on Tuesday. US Sanctioned Russian Aeza Group The Russian …
In 2025, Indonesia made a big shift in its crypto regulatory framework oversight as it transitioned from Bappebti to OJK. The Indonesian crypto market is experiencing significant growth in transaction volume and user numbers, driven by a tech-savvy population and increasing interest in digital assets. Indonesia has legalized the trading of crypto but has reasonably …
The altcoin market has followed Bitcoin (BTC) in midterm weakness, amid historical demand from institutional investors. The crypto market cap declined by around 4 percent in the past 24 hours to hover about $3.366 trillion on Tuesday, July 1, during the mid-North American trading session. Amid the midterm crypto bearish outlook, on-chain data analysis shows …
Avery Ching, co-founder and CEO of Aptos Labs, has joined CFTC’s digital asset market subcommittee, which includes experts from major financial institutions like BlackRock, Goldman Sachs, and Citadel to advise on digital asset regulations. This partnership will pave the way for a broader institutional framework for crypto and other digital currencies. Avery Ching’s Collaboration With …
US Senator Jeff Merkley, a Democrat from Oregon, recently introduced an amendment to the “Outlaw Big and Beautiful Bill” (OBBB) to prevent elected officials from promoting or profiting from cryptocurrencies in which they have a financial stake. However, the approach did not go uncriticized as Senator Cynthia Lummis stood against it, saying it would inflict …
Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national trust bank license in the United States with the Office of the Comptroller of the Currency (OCC). The behemoth stablecoin issuer intends to establish the First National Digital Currency Bank, which would manage its reserves in USDC. “Circle has long …
With a large and active crypto market, Turkey ranks fourth globally in terms of crypto trading volume. The robust regulatory framework, combined with market growth, has made the nation one of the major players in the cryptocurrency market in 2025. While trading crypto is legal in Turkey, using it for payments is prohibited. Lately, Turkey …
Unlike most countries in the world, Morocco has not legalized cryptocurrency. Up until the previous year, Morocco adopted the ‘wait and see’ approach to regulate the crypto industry. However, in late 2024, the country released a statement that it is preparing to legalize cryptocurrency under the federal government. Recently, the Central bank released new updates …
Ripple Labs, a top-tier blockchain payment company based in the United States, has made a deliberate effort to end the long standing lawsuit. On Friday, Brad Garlinghouse, the CEO at Ripple, announced that the company has dropped its cross appeal. According to Garlinghouse, the U.S. SEC will also drop its appeal in a bid to …
The Singapore High Court has rescheduled WazirX’s next hearing in case HC/SUM 940/2025 to July 15, 2025, at 7:30 AM IST, with a reserve date of July 16. This follows the court’s recent approval allowing WazirX to present further arguments regarding its restructuring plans. Originally set for July 10-11, the date change was confirmed by …
With the cryptocurrency market booming in 2025, Kenya has taken a major step toward regulating digital assets. The country’s National Assembly Finance and Planning Committee has proposed the formation of a multi-agency regulatory framework to oversee crypto operations, marking a pivotal moment for the region’s virtual asset industry. Kenya’s New Crypto Regulatory Framework Driven by …
Bangladesh is one of the countries to hold a strict stance against crypto. In 2017, the government declared cryptocurrency illegal and warned against its use. While other countries are pushing forward their crypto regulatory framework, intensifying global competition, Bangladesh took a step back and banned all crypto usage and possession due to the risks of …
The long-running Ripple vs SEC case took another turn this week after Judge Analisa Torres denied a joint request from both Ripple and the SEC for what’s called an “indicative ruling.” In simple terms, both sides were hoping the judge would signal a possible change or reconsideration of her earlier decision. But Judge Torres made …
White House Crypto Czar David Sacks has hinted that July could bring a significant regulatory breakthrough for digital assets in the U.S. According to Sacks, two crucial bills, the GENIUS Act and the CLARITY Act, are moving forward, signaling the strongest momentum yet under the new administration. ???? BREAKING: ???????? White House Crypto Czar David …
On Thursday, Judge Analisa Torres rejected a joint request by Ripple and the SEC to approve a reduced $50 million fine and remove a permanent injunction. She criticized both sides for trying to reverse a final court ruling through a private settlement. “The Ball Is Back in Our Court” If the parties “genuinely wish to …
Bitwise Asset Management filed amended S-1 registration statements with the United States Securities and Exchange Commission (SEC) for its proposed spot Dogecoin ETF and Spot Aptos ETF. The amended S-1 filing follows the June 12, 2025 delay from the U.S. SEC on the spot Dogecoin ETF, whereby the agency cited market risks and investor protection …
The Internal Revenue Service (IRS) has issued a new wave of warning letters to crypto investors, signaling a crackdown ahead of the upcoming 1099-DA regulation, which is set to take effect in 2026. This aggressive move has sparked anxiety across the crypto community, especially as many investors face confusion over reporting requirements. Crypto Tax Anxiety …
The Cboe BZX exchange has filed Form 19b-4 with the United States Securities and Exchange Commission (SEC) seeking to list and trade shares of the Canary PENGU ETF. The filing of Form 19b-4 follows the filing of Form S-1 by Canary Capital to offer a spot ETF for the Solana (SOL) memecoin dubbed Pudgy Penguins …
The Federal Housing Finance Agency (FHFA) under director William Pulte, has directed Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) to consider cryptocurrency in their risk assessments for single-family loans. Pulte noted in an X post that the decision was based on an intense review and the desire to …
In a major step toward harmonizing financial regulation, top U.S. and U.K. regulators have committed to deeper cooperation on digital asset oversight. A joint statement released by the U.S. Treasury on June 24 highlighted the outcomes of their latest Financial Regulatory Working Group meeting held in London earlier this month. Digital Assets and Stablecoins in …
India’s stance on cryptocurrency continues to spark debate. On one hand, the government imposes a steep 30% tax on crypto gains, prohibits offsetting losses, and enforces a 1% TDS on every crypto transaction. On the other hand, it hasn’t outright banned digital assets, leaving the sector stuck between regulation and uncertainty. Mixed Signals From India’s …
The Income Tax Department of India has launched a major crackdown on individuals who failed to report their cryptocurrency income. Thousands have received notices, and this time, the department is armed with actual data and transaction records through its NUDGE framework (Non-Intrusive Usage of Data to Guide and Enable). If you’ve traded, held, mined, or …
China was among the earliest countries to enthusiastically embrace cryptocurrency. The country was one of the largest markets for crypto as the popularity of Bitcoin and Ethereum grew among the citizens. As the demand for crypto grew, China tightened its rules and regulations to maintain stability and protection. As of 2025, China has implemented one …
The Ripple vs. SEC case is finally reaching its end, and it could change everything for XRP. After years of legal battle, XRP could now come out stronger than ever. This could be the moment it breaks free from legal uncertainty and steps into a new era of clarity, adoption, and market confidence. XRP Breakout …
PEPE, one of the most volatile memecoins, is currently navigating a critical juncture on the charts. After peaking at $0.000028 in late 2024, the asset has entered a corrective phase, now hovering near $0.00001. Technicals suggest a shift in momentum, with the RSI dipping below neutral levels and the MACD signaling bearish divergence. As whale …
Thailand is taking another bold step in crypto regulation. On Friday, the Thailand Securities and Exchange Commission (SEC) launched a public consultation to gather opinions on whether local crypto exchanges should be allowed to list self-issued utility tokens. Public feedback will be open until July 21, 2025. This move could reshape Thailand’s crypto landscape, especially …
On June 17, 2025, the National Secretariat of Public Security (SENASP) under Brazil’s Lula Government announced a major initiative to track and monitor cryptocurrency transactions across the country. This move is aimed at boosting financial transparency and cracking down on crypto-related crimes such as money laundering, drug trafficking, and financial fraud. The initiative will run …
Ripple is urging UK policymakers to accelerate crypto regulation, laying out a four-point strategy designed to turn the country into a hub for digital asset innovation. The proposal, released during the London Policy Summit, signals a growing urgency within the industry to see the UK regulations take a leading role in shaping the future of …
Australia is known for its crypto-friendly environment, but recent legal developments may completely change how Bitcoin is taxed in the country. Bitcoin Reclassification: Major Legal Update In May 2025, a significant ruling by Victorian Magistrate Michael O’Connell in a Bitcoin theft case suggested that Bitcoin could be recognized as Australian currency, not property. This landmark …
The Philippines has introduced a comprehensive framework for the Regulatory Requirements and Considerations for Listing Cryptocurrency Tokens, establishing a twin-regulator model to govern token activities, licensing, and investor protections. The framework sets clear rules for token classification, VASP licensing, and key compliance obligations. Twin Regulatory Model for Crypto Tokens The new framework adopts a dual …